general business data bank

general business data bank

Question

Use the table for the question(s) below.

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Consider the following two projects:

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Project

Year 0

Cash Flow

Year 1

Cash Flow

Year 2

Cash Flow

Year 3

Cash Flow

Year 4

Cash Flow

Discount Rate

A

-100

40

50

60

N/A

.15

B

-73

30

30

30

30

.15


18)


Assume that projects A and B are mutually exclusive. The correct investment decision and the best rational for that decision is to?


A)


Invest in project A since NPVB< NPVA


B)


Invest in project B since IRRB> IRRA


C)


Invest in project B since NPVB> NPVA


D)


Invest in project A since NPVA> 0




19)


The incremental IRR of Project B over Project A is closest to:


A)


12.6%


B)


23.3%


C)


1.7%


D)


17.3%


:



Use the table for the question(s) below.

Consider the following two projects:

Project

Year 0

C/F

Year 1

C/F

Year 2

C/F

Year 3

C/F

Year 4

C/F

Year 5

C/F

Year 6

C/F

Year 7

C/F

Discount

Rate

Alpha

-79

20

25

30

35

40

N/A

N/A

15%

Beta

-80

25

25

25

25

25

25

25

16%


20)


Assume that projects Alpha and Beta are mutually exclusive. The correct investment decision and the best rational for that decision is to?


A)


Invest in project Beta since NPVBeta> 0


B)


Invest in project Alpha since NPVBeta< NPVAlpha


C)


Invest in project Beta since IRRB> IRRA


D)


Invest in project Beta since NPVBeta> NPVAlpha> 0


:



Use the table for the question(s) below.

Consider two mutually exclusive projects with the following cash flows:

Project

C/F0

C/F1

C/F2

C/F3

C/F4

C/F5

C/F6

A

$(41,215)

$12,500

$14,000

$16,500

$18,000

20,000

N/A

B

$(46,775)

$15,000

$15,000

$15,000

$15,000

$15,000

$15,000


WS1)


You are considering using the incremental IRR approach to decide between the two mutually exclusive projects A & B. How many potential incremental IRRs could there be?


A)


3


B)


0


C)


2


D)


1


:




WS2)


What is the incremental IRR for project B over project A? Would you feel comfortable basing your decision on the incremental IRR?


.



WS3)


Assuming that the discount rate for project A is 16% and the discount rate for B is 15%, then given that these are mutually exclusive projects, which project would you take and why?


6.4 Project Selection with Resource Restraints


Use the table for the question(s) below.

Consider the following list of projects:

Project

Investment

NPV

A

135,000

6,000

B

200,000

30,000

C

125,000

20,000

D

150,000

2,000

E

175,000

10,000

F

75,000

10,000

G

80,000

9,000

H

200,000

20,000

I

50,000

4,000





21)


Assuming that your capital is constrained, what is the fifth project that you should invest in?


A)


Project H


B)


Project I


C)


Project B


D)


Project A





22)


Assuming that your capital is constrained, so that you only have $600,000 available to invest in projects, which project should you invest in and in what order?


A)


CBFH


B)


CBGF


C)


BCFG


D)


CBFG




23)


Assume that your capital is constrained, so that you only have $600,000 available to invest in projects. If you invest in the optimal combination of projects given your capital constraint, then the total NPV for all the projects you invest in will be closest to:


A)


$65,000


B)


$80,000


C)


$69,000


D)


$111,000


: